ASEAN KEY DESTINATIONS
Indonesia sells $3bn debt in 2 tranches
Indonesia sold $3 billion worth of five- and 10-year debt at a discount in a dual-tranche transaction on Thursday, a source at one of the lead managers told Reuters.
The bigger tranche, $2 billion worth of 10-year debt, was sold at a spot price of 99.276, bringing a coupon of 11.625 percent and a yield of 11.75 percent.
The smaller tranche, $1 billion worth of 5-year paper, was sold at a spot price of 99.455, bringing a coupon of 10.375 percent and a yield of 10.50 percent. Lead managers of the deal are Barclays Capital and UBS.
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